BENTONVILLE, Ark., Feb. 21, 2017 – The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2018 of $2.04 per share, an increase of 2 percent from the $2.00 per share paid for the last fiscal year. The fiscal year 2018 annual dividend of $2.04 per share will be paid in four quarterly installments of $0.51 per share, according to the following record and payable dates:

Record Dates

March 10, 2017

May 12, 2017

Aug. 11, 2017

Dec. 8, 2017

Payable Dates

April 3, 2017

June 5, 2017

Sept. 5, 2017

Jan. 2, 2018

“We’re proud of our track record of returning significant cash to shareholders and to be increasing our annual dividend for the 44th consecutive year,” said Brett Biggs, executive vice president and chief financial officer at Wal-Mart Stores, Inc.

In fiscal year 2017, Walmart returned $14.5 billion to shareholders in the form of dividends and share repurchases.

Wal-Mart Stores, Inc. (WMT: NYSE) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 260 million customers and members visit our 11,695 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.